WorldCat Identities

Mortensen, Dale

Overview
Works: 81 works in 175 publications in 3 languages and 2,290 library holdings
Roles: Editor
Classifications: HD6061, 331.2101
Publication Timeline
Key
Publications about  Dale Mortensen Publications about Dale Mortensen
Publications by  Dale Mortensen Publications by Dale Mortensen
posthumous Publications by Dale Mortensen, published posthumously.
Most widely held works by Dale Mortensen
Wage dispersion why are similar workers paid differently? by Dale Mortensen ( )
16 editions published between 2003 and 2005 in English and held by 1,651 WorldCat member libraries worldwide
"Observable differences in workers doing the same job account for only 30 percent of wage variation. In Wage Dispersion Dale Mortensen examines the reasons for pay differentials in the other 70 percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when workers do not know the wages offered by all employers) and cross-firm differences in wage policy and productivity."--BOOK JACKET
Job matching, wage dispersion, and unemployment by Dale Mortensen ( Book )
8 editions published in 2011 in English and Undetermined and held by 203 WorldCat member libraries worldwide
A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model
More on unemployment and vacancy fluctuations by Dale Mortensen ( )
9 editions published in 2005 in English and held by 59 WorldCat member libraries worldwide
"Shimer (2005a) argues that the Mortensen-Pissarides equilibrium search model of unemployment explains only about 10% of the response in the job-finding rate to an aggregate productivity shock. Some of the recent papers inspired by his critique are reviewed and commented on here. Specifically, we suggest that the sole problem is neither the procyclicality of the wage nor the failure to account fully for the opportunity cost of employment. Although an amended version of the model, one that accounts for capital costs and counter cyclic involuntary separations, does much better, it still explains only 40% of the observed volatility of the job-finding rate. Finally, allowing for on-the-job search does not improve the amended models implications for the amplification of productivity shocks"--National Bureau of Economic Research web site
Equilibrium wage and employment dynamics in a model of wage posting without commitment by Melvyn Glyn Coles ( )
9 editions published in 2011 in English and German and held by 51 WorldCat member libraries worldwide
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the Markov perfect equilibrium to the wage setting game, characterized by Coles (2001), is assumed. In addition, firm recruiting decisions, firm entry and exit, and transitory firm productivity shocks are incorporated into the model. Given that the cost of recruiting workers is proportional to firm employment, we establish the existence of an equilibrium solution to the model in which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space, the distribution of workers over firms, is large in the general case, it reduces to a scalar that can be interpreted as the unemployment rate in the special case of homogenous firms. Furthermore, the equilibrium is unique. As the dimension of the state space is equal to the number of firms types in general, an (approximate) equilibrium is computable
Island matching by Dale Mortensen ( )
7 editions published in 2007 in English and held by 44 WorldCat member libraries worldwide
A synthesis of the Lucas-Prescott island model and the Mortensen- Pissarides matching model of unemployment is studied. By assumption, all unmatched workers and jobs are randomly assigned to islands at the beginning of each period and the number of matches that form on a particular island is the minimum of the two realizations. When calibrated to the recently observed averages of U.S. unemployment and vacancy rates, the model fits the observed vacancy-unemployment Beveridge relationship very well and implies an implicit log linear relationship between the job finding rate and the vacancy-unemployment relationship with an elasticity near 0.5. The constrained efficient solution to the model is decentralized by a equilibrium outcome in which wages on each island are determined by a modified auction. Although the efficient solution explains only about 25% of the observed volatility in the U.S. vacancy-unemployment ratio, an equilibrium outcome in which wages are determined as the solution to a strategic bargaining game explains almost all of it
Wage dispersion in the search and matching model with intra-firm bargaining by Dale Mortensen ( )
6 editions published in 2009 in English and held by 39 WorldCat member libraries worldwide
Matched employer-employee data exhibits both wage and productivity dispersion across firms and suggest that a linear relationship holds between the average wage paid and a firm productivity. The purpose of this paper is to demonstrate that these facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed of many workers, and face diminishing returns to labor given the wage paid to identical workers is the solution to the Stole-Zwiebel bilateral bargaining problem. Helpman and Iskhoki (2008) show that a unique single wage (degenerate) equilibrium solution to the model exists in this environment. In this paper, I demonstrate that another equilibrium exists that can be characterized by a non-degenerate distribution of wages in which more productive firms pay more if employed workers are able to search. Generically this dispersed wage equilibrium is unique and exists if and only if firms are heterogenous with respect to factor productivity. Finally, employment is lower in the dispersed wage equilibrium than in the single wage equilibrium but this fact does not imply that welfare is higher in the single wage equilibrium
An empirical model of growth through product innovation by Rasmus Lentz ( Book )
9 editions published in 2005 in English and held by 37 WorldCat member libraries worldwide
"Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution and growth developed by Klette and Kortum (2004). The data set is a panel of Danish firms than includes information on value added, employment, and wages. The model's fit is good and the structural parameter estimates have interesting implications for the aggregate growth rate and the contribution of worker reallocation to it"--Forschungsinstitut zur Zukunft der Arbeit web site
Taxes, subsidies and equilibrium labour market outcomes by Dale Mortensen ( Book )
8 editions published between 2001 and 2002 in English and held by 29 WorldCat member libraries worldwide
On optimal search strategies and layoffs by Kenneth Burdett ( Book )
2 editions published in 1977 in English and held by 24 WorldCat member libraries worldwide
New developments in models of search in the labour market by Dale Mortensen ( Book )
5 editions published in 1999 in English and held by 24 WorldCat member libraries worldwide
Job reallocation, employment fluctuations and unemployment by Dale Mortensen ( Book )
6 editions published in 1999 in English and held by 16 WorldCat member libraries worldwide
Job creation and job destruction in the theory of unemployment by Dale Mortensen ( Book )
3 editions published between 1993 and 1994 in English and held by 12 WorldCat member libraries worldwide
Equilibrium unemployment with wage posting : Burdett-Mortensen meet pissarides by Dale Mortensen ( Book )
6 editions published in 1998 in English and held by 10 WorldCat member libraries worldwide
Equilibrium labor turnover, firm growth and unemployment by Melvyn Glyn Coles ( Book )
6 editions published in 2012 in English and held by 6 WorldCat member libraries worldwide
This paper considers a dynamic, non-steady state environment in which wage dispersion exists and evolves in response to shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for higher paying jobs. The model allows for firm turnover (new start-up firms are created, some existing firms die) and firm specific productivity shocks. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in every state of the market. Consequently, workers always quit to firms paying a higher wage and so move efficiently from less to more productive firms. As a further implication of the cost structure assumed, endogenous firm size growth is consistent with Gibrat's law. The paper provides a complete characterization and establishes existence and uniqueness of the separating (non-steady state) equilibrium in the limiting case of equally productive firms. The existence of equilibrium with any finite number of firm types is also established. Finally, the model provides a coherent explanation of Danish manufacturing data on firm wage and labor productivity dispersion as well as the cross firm relationship between them -- National Bureau of Economic Research web site
Information sources and equilibrium wage outcomes by Dale Mortensen ( Book )
2 editions published between 1991 and 1993 in English and held by 4 WorldCat member libraries worldwide
Unemployment responses to "skill-biased" technology shocks : the role of labour market policy by Dale Mortensen ( )
2 editions published in 1999 in English and held by 3 WorldCat member libraries worldwide
Search equilibrium and the core in a decentralized pure exchange economy by Dale Mortensen ( Book )
2 editions published in 1974 in English and held by 3 WorldCat member libraries worldwide
Earnings, unemployment, and the allocation of time over time ( )
1 edition published in 1984 in English and held by 3 WorldCat member libraries worldwide
A stochastic dynamic model of labour supply is specified and analysed empirically. The theoretical model provides a sound structural economic basis for a class of empirical models which have been shown useful. The implications of the estimated model are explored and diagnostic checks are suggested and implemented.--SCAD summary
The persistence and indeterminacy of unemployment in search equilibrium by Dale Mortensen ( Book )
2 editions published in 1988 in English and held by 3 WorldCat member libraries worldwide
Dyspersja płac : dlaczego podobni pracownicy zarabiają różnie? by Dale Mortensen ( Book )
1 edition published in 2012 in Polish and held by 2 WorldCat member libraries worldwide
 
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Alternative Names
Mortensen, D. T. 1939-2014
Mortensen, Dale T.
Mortensen, Dale T. 1939-2014
Mortensen, Dale Thomas 1939-2014
Languages
English (107)
German (1)
Polish (1)
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